USDJPY - Short Opportunity to Short
Little bit of different setup this time.
I see it as potential double or even triple top with decreasing highers as the sign of potential trend reversal and rally down.
The fact that it is third top is little bit diminishing the risk/rewards ratio, therefore I will adjust and close the trade in the first signs of incorrect judgement.
Also it could very easily jump up and for triangle.
We shall see. I plan to take some residual initial profit, scalp it a bit, and leave.
Your ideas and comments highly appreciated and welcomed.
I see it as potential double or even triple top with decreasing highers as the sign of potential trend reversal and rally down.
The fact that it is third top is little bit diminishing the risk/rewards ratio, therefore I will adjust and close the trade in the first signs of incorrect judgement.
Also it could very easily jump up and for triangle.
We shall see. I plan to take some residual initial profit, scalp it a bit, and leave.
Your ideas and comments highly appreciated and welcomed.
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